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Tanzania’s maritime pivot: DP World’s 30-year concession and the future of Dar es Salaam Port

  • DP World plan to operate and modernize parts of the Dar es Salaam port, is a testament to Tanzania’s vision of becoming a dominant maritime force in East Africa.
  • DP World has pledged to invest over $250 million to upgrade the port’s facilities to enhance the port’s cargo handling capacity and reduce turnaround times.
  • Currently, DP World oversees approximately 9 percent of the world’s handling capacity, placing it among the top five global port operators.

As the sun set over the Indian Ocean, casting a golden hue over the bustling Dar es Salaam Port, a new chapter in Tanzania’s maritime history was being penned. The Tanzanian government, in a strategic move, inked a 30-year concession agreement with Dubai’s state-owned ports operator, DP World.

This partnership, which will see DP World operate and modernize parts of the Dar es Salaam port, is not just a business transaction. It’s a testament to …

The post Tanzania’s maritime pivot: DP World’s 30-year concession and the future of Dar es Salaam Port appeared first on The Exchange.



This post first appeared on The Exchange: Business News Today | Investment News Africa, please read the originial post: here

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Tanzania’s maritime pivot: DP World’s 30-year concession and the future of Dar es Salaam Port

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